Ellsworth Growth and Income Fund Ltd. Declares Dividend of $0.14 (NYSE:ECF)

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) declared a dividend on Wednesday, November 13th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.14 per share on Monday, December 30th. The ex-dividend date is Friday, November 22nd.

Ellsworth Growth and Income Fund has decreased its dividend payment by an average of 26.9% annually over the last three years.

Ellsworth Growth and Income Fund Stock Performance

Shares of NYSE ECF traded down $0.13 during mid-day trading on Thursday, reaching $9.53. 26,675 shares of the company were exchanged, compared to its average volume of 46,900. Ellsworth Growth and Income Fund has a 52 week low of $7.53 and a 52 week high of $9.86. The company’s 50 day moving average price is $9.12 and its 200 day moving average price is $8.58.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 3,302 shares of the stock in a transaction on Friday, September 27th. The stock was purchased at an average price of $8.93 per share, for a total transaction of $29,486.86. Following the completion of the transaction, the insider now owns 1,403,987 shares of the company’s stock, valued at $12,537,603.91. This trade represents a 0.24 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations.